Symantec Dodges Investor Suit Over Exec Pay Info

By Jeff Sistrunk

Law360, Los Angeles (August 2, 2013, 8:53 PM ET) -- A California judge on Friday killed a putative class action alleging Symantec Corp. and its directors had slighted shareholders by failing to disclose crucial financial information before a vote on executive compensation, saying the plaintiffs had failed to show how the purported omissions would hurt their interests.

Judge James P. Kleinberg, presiding in Santa Clara County, dismissed the shareholder suit, saying the computer security software company had adequately disclosed its general compensation strategy in advance of a shareholder vote on executive pay. Moreover, the shareholders didn't present...